Economic System Practice
Authored by Brody Moore
Social Studies
7th Grade
Used 10+ times
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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
These items are not necessary for survival, but they have the great value to people. What is this called?
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
There are three basic economic systems in the world. What are they?
3.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
In a traditional economy if they do trade, they may or may not use money. They may use a __________ system in which they trade goods for other goods.
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
The basic materials that people cannot live without are called what?
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Historically, many ____________ countries have tried to set up command economies.
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
In a traditional economy, economic decisions are based on customs a community has followed for how long?
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What two countries still use a command economy?
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